Oh brother, Farkers can nitpick at anything. The guy bought a bankrupt comany and made it a success. Yet you guys suppose the company could have failed. I wish I could find an investment that would be as successsful as his.

They're pretty big nationwide, but most people probably don't know them by their corporate name. Their products that most well-known are Super Pretzel and Icee, but Luigi's Italian Ice and their Minute Maid products are fairly popular as well.

I wish someone like this had stepped in to save Charles Chips. Disclaimer- my late dad was a salesman in porno valley, but they had the best chips and pretzels. They came in a can to avoid crushing. I think thats part of what doomed them- the empty cans had to be trucked back to PA for cleaning, but nobody could do salt and vinegar or ketchup flavoured or even dill pickle chips, and they had 3 kinds of pretzels in a can.Small, medium and crap, thats a big pretzel size. The old man was an ass, but man- he knew his snacks / business to choose when we moved from Idaho.I have yet to find a decent pretzel or pickle chip since 93 or so .

alienated:I wish someone like this had stepped in to save Charles Chips. Disclaimer- my late dad was a salesman in porno valley, but they had the best chips and pretzels. They came in a can to avoid crushing.

Oh wow, now that you mention them, I remember my dad bringing those home sometimes.

skrame:WayToBlue: pudding7: You can have 800 million in sales and still go bankrupt, you know.

Exactly what I came to say. The question is income vs debts, gross sales numbers say nothing about the health or success of a company.

The article says they have no debt. But you guys can keep ragging on the owner because he's an asshole that you've never met, instead of reading the article.

That was more of a rag on subby than anything*, although I'm sure Mr. Schreiber will be happy to know that somewhere on the Internet, someone's looking out for him. It's important not to conflate one person's comments with those of others on the thread -- that could make you seem irrationally angry.

Also, from an accounting standpoint, it's virtually impossible to have a company with no liabilities whatsoever. If you're particularly well-run, all of your liabilities are going to be short-term accruals for rent, wages, and probably payment for supplies, and they will be easily be covered by revenue in the period in which they are accrued. A quick look at the company's balance sheet indeed confirms that -- they have ~$68 million in current liabilities and $29 million in "Other Liabilities", which is easily covered by their $211 million in current assets, signs of a very well-managed company. But it's still incorrect to say "they have no debt".

* Used to work for a company that had $600 million in sales the year it went bankrupt.